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2025 Addison Way, Los Angeles, CA 90041
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2025 Addison Way Los Angeles, CA 90041

$1,850,000 Sold Price as of 05/03/2022
  • 7 Beds
  • 6 Baths
  • 4,422 Sq.Ft.
Sold
$1,850,000 Sold Price as of 05/03/2022 Refinance Your Mortgage
Map preview of 2025 Addison Way, Los Angeles, CA 90041

Property Overview: 2025 Addison Way Los Angeles, CA has 7 bedrooms, 6 bathrooms, 4,422 living square feet and 12,034 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautifully maintained units consisting of a legal duplex (3 bedroom/1 bath, and a bachelor), + Four 1 bedroom/1 bath units. Vintage details include thick moldings, some beautiful original windows, many original doors, leaded glass cabinet doors, some original beautiful cabinetry, and some units have original hexagonal tile floors, most have wood floors under carpets, and upgraded flooring in at least 1 unit. The main house has the original Batchelder tiles around the fireplace, and a large attic where 1 of the bedrooms are located. 2 one car garages, fully fenced, and central heat and air for each unit. Each unit has its own washer and dryer except the Bachelor. Stove and refrigerator in each unit except the Bachelor (has hook ups just appliances are not included). Newer central central heat and air for each unit and duplex. The duplex is owner occupied (so able to be rented out at market rate upon sale) and the other 4 units are rented out to stable paying tenants.

Listed by Laura Riddle | BRE #01319584 | Open Door Real Estate Co.
Last checked: 8 minutes ago | Last updated: October 3rd, 2022 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
12,034
HOA Dues
$0/mo
Year built
1928
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR22029498
City
Los Angeles
County
Los Angeles
Time on Site
824 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 7
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $627
  • Total Rent: $627
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $61,527
  • Net Operating Income: $52,174
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $9,353
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $427
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $5,576
  • Maintenance: $278
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,234

Property Details for 2025 Addison Way

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, See Remarks, Washer Hookup, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room, Decorative, See Remarks
Room Information
  • Flooring: Carpet, Tile, Wood
Interior Features
  • Pantry
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 5685007007
  • Year Built Source: Assessor
  • Property is Attached
  • Offered With Property: All other appliances are included, each unit has a stove, refrigerator, washer and dryer, except for the Bachelor.
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify, Unknown
Location / Neighborhood
Location Information
  • Directions: Eagle Rock Blvd. to Addison
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2025 Addison Way

Last sold for $1,850,000 on May 3rd, 2022

  • October, 2022

  • Oct 3, 2022

    Date

    Canceled

    CRMLS: 22185275

    $4,500

    Price

  • Aug 1, 2022

    Date

    Active

    CRMLS: 22185275

    $5,250

    Price

  • Listing provided courtesy of CRMLS

    Prime Eagle Rock Location on a quiet street one block from Yosemite Park and Sprouts. Detached vintage three bedroom house with classic architectural features. Upgraded systems, washer dryer, fridge and Cold AC. Detached garage and driveway parking.

  • April, 2022

  • Apr 2, 2022

    Date

    Active Under Contract

    CRMLS: SR22029498

    $2,800,000

    Price

  • June, 2018

  • Jun 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2016

  • Aug 18, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2025 Addison Way

Assessed Value (2020): $86,246
Year Land Value Improved Value Assessed Value
2020 $35,165 $51,081 $86,246

Home Value Compared to the Market

This property vs the competition

2025 Addison Way sold on May 3, 2022 for 51.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $407.06 per/sqft which puts the price per square foot 46.09% lower than the current median sale per square foot for the city of Los Angeles.

About 2025 Addison Way

Detailed summary of property

2025 Addison Way is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 4,422 living square feet, and sits on an approximately 12,034 square foot lot. 2025 Addison Way was first listed on ArdentRealEstateGroup.com on February 15, 2022. The homeowner sold the property for $1,850,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 51.26% higher than the current median priced home. Local homes that are currently for sale include 3408 N Figueroa St, 2751 Partridge Ave and 3121 Silver Lake Blvd. While the average home in Los Angeles, CA is selling in 92 days, 2025 Addison Way has a days on market of 45 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2025 Addison Way Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2025 Addison Way

Public county record property details
Beds
7
Baths
6
Year built
1928
Sq. Ft.
4,421
Lot Size
11,917
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5685-007-007

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,448,000
Median List Price/Sq.Ft.
$734
Median Sold Price
$1,211,000
Median Sold Price/Sq.Ft.
$967
Total Inventory
34
Median Sale to List Price %
101.34%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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